The Ribbon Program is changing the way that first-time homebuyers compete in this market. Here’s how they are leveling the playing field.
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Today I’m excited to talk again about The Ribbon Program and how it can help first-time homebuyers. If you missed part one, find it here!
If you are a homebuyer who has to use FHA, VA, or USDA financing, it can sometimes cause pushback from sellers. In multiple-offer situations, it puts you at a bit of a disadvantage.
The Ribbon Program is here to save the day in a lot of cases. As long as you’re fully pre-approved for a Conventional, FHA, USDA, or VA loan and Ribbon can value the house at where we’d like to make an offer, you can purchase the home paying cash directly and buying it back from Ribbon afterward.
This program essentially allows you to make a cash offer without the cash.
I know this sounds a little out there with Ribbon basically fronting the cash for you, but it’s a streamlined process that allows your offer to be as good as cash in the eyes of home sellers.
If you have any questions about this program or about anything else related to real estate, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.